SBI Loan Plan Details: State Bank of India is going to take a loan of Rs 10,553 crore, know why the bank is taking the loan…

SBI Loan Plan Details: State Bank of India has planned to take a loan of 1.25 billion dollars i.e. Rs 10,553 crore. This will be the largest loan taken in dollars by any bank this year.

According to media reports, people associated with the case gave this information. CTBC Bank, HSBC Holdings and Taipei Loan Bank are helping SBI in getting this five-year loan.

SBI Loan Plan Details: No reaction yet regarding this news

State Bank of India is taking this loan through its branch located at Gujarat International Finance Tech-City. The loan money will be used for general business needs. However, there has been no response from SBI yet in this regard.

SBI Loan Plan Details: SBI is raising foreign currency loans

SBI is raising this foreign currency loan in collaboration with some local financial institutions. Due to strict rules in India, NBFCs are raising loans in dollars. NBFC needs money to expand its business.

Cholamandalam Investment and Finance Company is raising $300 million loan

Cholamandalam Investment and Finance Company is raising a loan of $300 million. Bank of Baroda is raising a loan of 750 million dollars. Despite these efforts to raise loans in dollars from abroad, the value of loans raised in dollars this year has declined by 27% to $14.2 billion.